Global Opportunities Trust (LON:GOT) Shares Pass Above 50 Day Moving Average – Here’s Why

Global Opportunities Trust plc (LON:GOTGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 284.55 ($3.58) and traded as high as GBX 294.98 ($3.71). Global Opportunities Trust shares last traded at GBX 286.46 ($3.61), with a volume of 11,410 shares traded.

Global Opportunities Trust Stock Performance

The company has a 50-day simple moving average of GBX 284.73 and a 200-day simple moving average of GBX 288.28. The company has a market cap of £86.13 million, a price-to-earnings ratio of 1,551.37 and a beta of 0.42.

Insiders Place Their Bets

In other news, insider Sandy Nairn purchased 55,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of GBX 282 ($3.55) per share, for a total transaction of £155,100 ($195,217.12). 38.90% of the stock is currently owned by insiders.

About Global Opportunities Trust

(Get Free Report)

EP Global Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors.

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